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Can I Do A Short Sale If I Have An IRS Lien!

The quick answer: YES! Tax liens are negotiable. The taxes eventually have to be paid, but these taxes can be "subordinated" in order to close on a short sale.

Here’s how it works. Federal tax liens are recorded against an individual and any properties he or she has. If a seller has a federal tax lien recorded against him or her, this lien jumps ahead of all other liens on the property.

However, it may not have to be paid off in order for a short sale to go through. The way to do it is called a “subordination of lien” so that the government will allow the short sale to go through. Visit IRS website at http://www.irs.gov to find more information. They have lots of good information on how to get a subordination or discharge so you can move forward with listing your house and avoiding a foreclosure. This is one of those occasions where the government is willing and able to help!

Berkshire Hathaway HomeServices Ambassador Real Estate offers real estate services that include relocation, fine homes, rentals, short sales, commercial, and investment properties. We service all counties in eastern Nebraska and we are your source for Omaha and Lincoln Homes and Real Estate. Whether you are looking for Relocation Services for Omaha, Omaha and Lincoln Real Estate, Eastern Nebraska Real Estate, Homes in Nebraska or Real Estate in Omaha or Lincoln, we believe we are the Best REALTORS® in Nebraska. To learn more about starting a new career in real estate or to explore the opportunities experienced sales associates have at Berkshire Hathaway HomeServices Ambassador Real Estate, contact us toll-free at 1-800-477-7653. A Nebraska Real Estate Company.

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